Mislatel Consortium will start to rollout as the third major telecommunication provider for the Philippines and will be the company to break the duopoly business of telecom Philippine telecom giants Philippine Long Distance Telecom (PLDT) and Globe.
Mislatel have completed the Share-Purchas Agreement (SPA) and ready for operation as the third major player of telecom in the Philippines. The company just needed the Certificate of Public and Convinience Necessity (CPCN) to operate commercially.
The Mislatel Consortium is composed of Davao businessman Dennis Uy’s Udenna Corporation, Chelsea Logistics and Infrastructure Corporation, foreign partner China Telecommunications Corporation and franchise holder Mindanao Islamic Telephone Corporation.
The group of companies has a total investment of P257billion over the next five years and will cover the 84% of Philippine population. Mislatel is dedicated to have an minimum average internet speed of 27 mbps in their first year of operation and will go up to 55 mbps in the following years.
Mislatel group already placing the groundwork and the infrastructures to start the rollout of the network. The new telco have the goal to give Filipinos more faster and reliable internet connection nationwide.
Filipinos are looking forward for Mislatel to have a good quality service. The breaking of the duopoly of PLDT and Globe will bring more budget wise and good competition for the three telecom companies.
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